Money Laundering 2008 - (Page 22) Conference Program Saturday, March 15, 2008* *Saturday events are at the Crowne Plaza across from the Westin Diplomat, 4000 South Ocean Drive, Hollywood, Florida; Telephone 954-454-4334. 8:00 AM–9:00 AM Registration and Continental Breakfast Prior to ACAMS Examination Preparation Seminar 9:00 AM–4:30 PM Association of Certified Anti-Money Laundering Specialists (ACAMS) Examination Preparation Seminar Sunday, March 16, 2008 12:30 PM–6:30 PM 12:30 PM–2:30 PM 2:30 PM–4:00 PM Early Registration Pre-Conference Workshops Check-In Pre-Conference Workshops (Separate Registration Required) Workshop A Dissecting the Recent Major U.S. Justice Department ‘Deferred Prosecution Agreement’ and ‘Civil Money Laundering’ Cases for Their Vital Lessons in Good Compliance Many of the recent serious actions against banks have been filed not by the regulatory agencies but by the U.S. Department of Justice from Washington or from various U.S. Attorneys’ offices around the nation. American Express Bank International, BankAtlantic in Florida, Union Bank of California, Lloyds TSB Bank, and Bank of Cyprus have suffered forfeitures or face serious lawsuits in which the consequences can be severe. Some of these legal actions have been filed on novel grounds that have few precedents. In some cases the amounts the Justice Department seeks are astronomical and run into nine figures. In cases filed in New York City by the U.S. Attorney’s Office against the Bank of Cyprus, the government is seeking a judgment against the bank for $162,000,000. In the case filed against Lloyds TSB Bank, the U.S. Attorney’s office is seeking $130,000,000. In three “Deferred Prosecution Agreements” filed by the Justice Department, American Express Bank International, in Miami, paid $65,000,000, Union Bank of California paid $32,000,000 and BankAtlantic, in Florida, paid $10,000,000. How do these actions commence? How should an institution control the damage from these cases? What is on the horizon? How to gauge the impact on reputation? Is there a way to mitigate the harm that these actions cause to an institution? What is the role of the regulatory agencies when the Department of Justice and an agency such as the Drug Enforcement Administration or the Federal Bureau of Investigation are the driving forces in the cases? Is there any way to convince the Department of Justice that the actions against the financial institution should not be brought? These are some of the questions that institutions must ask now that the Department of Justice, after several years of relatively little activity in the AML field, emerges as a major player. In this crucial pre-conference workshop, you will hear from experts who understand these cases. They will guide you on how to deal with them and on the many aspects you must confront and deal with now. Instructors: Greg Baldwin, Mia Levine, Michael McDonald “ 22 Conference Program Excellent opportunity to network with professionals facing similar challenges, and to share perspective on pragmatic approaches. Steven Beattie, CAMS Ernst & Young LLP New York USA ” “ … Great Job — Again. Robert Rosen Factiva Public Figures & Associates Dow Jones Dunwoody, Georgia USA ”
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